Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2021 - 2022 - Adrian Raftery - Страница 54

The 2021–22 federal budget has reinstated the low and middle income tax offset (LMITO) for the 2021–22 year. The LMITO is an additional tax rebate of $255 for individuals who earn less than $37 000. The offset is increased by 7.5 cents for every dollar to $48 000 and stays at $1080 for taxable incomes up to $90 000. The offset is reduced by 1.5 cents for every dollar that your taxable income exceeds $90 000, before phasing out entirely at $126 000.